The company today said the Shannon Neal-1 gas well will be drilled to a depth of 305m and is near the Neal-1 cored well, drilled in 2005.
Interpretations from those early well logs indicate gas-bearing intervals with high porosity between 113m and 117m, 123m and 151m, and 161 and 169m, it said.
Molopo said similar Allegheny channel-fill sandstones produce gas in adjoining Meigs County, directly across the Ohio River from Mason County.
“Logging and testing will assess possible gas shows,” the company said.
“Subject to the results of Shannon Neal-1, the joint venture partners will decide whether to drill the two additional wells whilst the existing drilling rig is onsite.”
Molopo holds a 50% working interest in 5700 gross acres of conventional gas rights with JV participants, Foree International (operator with 25%) and Republic Energy (25%).
The company said the Mason County project is part of its “international diversification” into the US, China and South African markets, which “complement” its Australian producing and exploration interests in Queensland and New South Wales.
